It would require organizations to carefully navigate a moral maze wherein lies the delicate balance between the power of AI-driven security and respect for individual rights and values of society at large. In this article, we will explore some of the key ethical considerations and challenges that organizations must navigate.
CHALLENGES & CONSIDERATIONS
Privacy: AI needs data, but how much information should be collected as reasonable and justifiable for security reasons? There has to be a balance between collecting enough data for the purpose of detection of threats and respecting the privacy of individuals.
Data Collection & Consent: This is one of the major areas of ethical issues. The AI-driven security system requires comprehensive data like network logs, patterns of user behaviour, and other forms of data. Organizations have ethical obligations to collect informed consent from users and inform them about their mode of collecting data.
Bias within AI Systems: Sometimes AI can pick up, involuntarily, biases in its training data, which then leads to some very unfair outcomes, flagging certain groups disproportionately as threats, or denying access. Organizations should actively work toward mitigating the bias through diverse training data and fairness metrics that assess AI decisions.
Bu hikaye Banking Frontiers dergisinin November 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Banking Frontiers dergisinin November 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Key Russian central bank official leaves
The First Deputy Governor of Bank of Russia Olga Skorobogatova is leaving the central bank in early December.
Better prospects for Swiss banking in 2024, says new study
The year could see revitalization of the banking to some extent, finds the study by Swiss Bankers Association:
Ease of use, personalization & consistent engagement promotes digital loyalty
Murari Lal, Head - Digital Initiatives, Shivalik Small Finance Bank, delves into platforms, loyalty and Al:
From Feet on Street to Fingers on Screen
Nippon India Mutual Fund is driving into newer customer segments by leveraging voice and vernacular as the drivers, reveals the company's Chief Digital Officer Arpanarghya Saha:
Digitization embraces the senior citizens
Among other projects, Shriram Capital completely transformed the 2-wheeler loan origination system, reveals the company's Chief Digital Officer Ajay Thomas:
Making of the most connected bank in Bangladesh
A stream of digital initiatives is transforming Mutual Trust Bank and its customer engagement, reveals Khalid Hossin, who heads the bank's digital banking division:
Digital embraces Archaeological Tourism
Chief Digital Officers are leading tremendous transformation initiatives. Five CDOs reveal their fascinating journey and their ambitious goals:
Tech will bridge Advisory and Education
Venkatesh Naidu, CEO, Bajaj Capital Insurance Broking:
AI bridges Protection and Prevention
Gyanendra Singh, Chief Technology Officer, Aviva India:
Bridging Products & Distribution for Rural Markets
Vikas Mittal, Deputy CEO, and Amit Thapliyal, Chief Technology Officer, Magma HDI General Insurance: